- UCAS course code
- K430
- UCAS institution code
- M20
Bachelor of Science (BSc)
BSc Planning and Real Estate
Study an accredited degree at a university where you are surrounded by rapid urban development and prime real estate.
- Typical A-level offer: ABB
- Typical contextual A-level offer: BBC
- Refugee/care-experienced offer: BBC
- Typical International Baccalaureate offer: 34 points overall with 6,5,5 at HL
Course unit details:
Strategic Real Estate Management
Unit code | PLAN26051 |
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Credit rating | 20 |
Unit level | Level 2 |
Teaching period(s) | Semester 1 |
Available as a free choice unit? | Yes |
Overview
This unit provides an introduction to the principles and practice of the law of landlord and tenant and estate agency. It then goes on to explore the practice of managing multi-tenanted commercial real estate assets to which these landlord and tenant laws apply.
More specifically it will introduce students to the fundamental legal principles that underpin real estate practice and must be understood in order to operate effectively. It will then critically explore how these are manifested in, and the consequential impact on, the real estate market and practice.
It will also introduce students to the role of the real estate asset manager, primarily from the perspective of commercial property investment. It will cover both the strategic aims and the tactical approaches that are used in the pro-active asset management of a real estate portfolio.
Aims
The unit aims to:
1. Introduce students to the legal principles governing landlord and tenant relationships
2. Explore the key elements of commercial leases.
3. Examine the implications of lease terms for the value and management of commercial real estate.
4. Explore the regulatory framework governing estate agency.
5. Introduce the principles of strategic real estate management.
6. Explore the tactics used to pro-actively manage real estate assets.
Learning outcomes
Students should be able to:
Teaching and learning methods
A range of teaching and learning methods will be adopted with conventional lectures used to introduce the topics in a structured manner. Workshops will be used to apply legal and management principles and to facilitate discussion about key issues commercial real estate theory and practice.
All unit material will be available online. Formative feedback will be provided through Q&A, discussion and interactive activities within lectures and workshops. Verbal feedback will be available on coursework discussed during consultation hours and assignment surgeries. Where appropriate, the discussion board on the VLE will be used as a repository for FAQs.
Knowledge and understanding
- Summarise a commercial lease, identifying the management and value implications of different lease terms.
- Apply knowledge of a range of key legal principles in real estate practice using case-studies.
- Identify and evaluate the implications of a surveyor’s professional obligations, and the role of professional regulation and ethics.
Intellectual skills
- Identify and apply relevant legal rules to issues in dispute.
- Differentiate between fact and opinion.
- Make judgements and produce solutions to real estate management problems.
Practical skills
- Draft heads of terms for a commercial lease.
- Apply appropriate tactics to pro-actively manage real estate assets
Transferable skills and personal qualities
- Read a range of complex works and summarise their arguments succinctly.
- Design and compile a report for professional purposes.
Assessment methods
Method | Weight |
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Written assignment (inc essay) | 25% |
Report | 75% |
Feedback methods
Written or audio feedback via Turnitin within the standard timeframe specified by the University.
Recommended reading
Banfield, A. (2005) Stapleton’s real estate management practice 4th ed. London: EG Books
Galbraith A. (2010) Galbraith’s Building and Land Management Law for Students Abingdon: Routledge
Murdoch J. (2014) Law of Estate Agency London: Estates Gazette
Scarrett, D (2011) Property asset management 3rd ed. Abingdon: Routledge
Wood D., Chynoweth P., Adshead J. and Mason J. (2011) Law and the Built Environment Oxford: Wiley-Blackwell
Study hours
Scheduled activity hours | |
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Lectures | 11 |
Practical classes & workshops | 22 |
Independent study hours | |
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Independent study | 167 |
Teaching staff
Staff member | Role |
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Mark Shepherd | Unit coordinator |